GuruFocus - On August 22, 2024, Director David Weinstein sold 6,026 shares of NewLake Capital Partners Inc (NLCP) at a price of $20.56 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 63,823 shares of the company.
NewLake Capital Partners Inc is engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities.
Over the past year, David Weinstein has sold a total of 77,491 shares and has not made any purchases of the company's stock. The insider transaction history for NewLake Capital Partners Inc shows a balance of insider activity, with 6 insider buys and 7 insider sells over the past year.
Shares of NewLake Capital Partners Inc were trading at $20.56 on the day of the sale, giving the company a market cap of $420.055 million. The price-earnings ratio of the stock is 16.13, which is lower than both the industry median of 16.865 and the companys historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $20.73, suggesting that NewLake Capital Partners Inc is Fairly Valued with a price-to-GF-Value ratio of 0.99.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the companys past performance and estimated future business outcomes.
This sale by Director David Weinstein follows a trend of insider transactions that provides investors with insights into the perspectives of those closest to the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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